Post Utme Coal City University 2020 Economics Question 11
Practice objective / multiple choice question 11 from the 2020 Post Utme Coal City University Economics examination.
A firm's production function is given by Q = 2L^\( 1/2 \)K^\( 1/2 \), where L is labor and K is capital. If the firm's labor and capital inputs are increased by 20% and 15% respectively, what is the percentage change in output?
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About This Question
This is Post Utme Coal City University 2020 Economics Question 11. It is one of the objective questions from the 2020 Post Utme Coal City University Economics examination.
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